entp 3301 What is the definition of burn-rate? What's the break-even point? What are different types of financial statement that are commonly used to reflect a firm's financial status? What's a proforma income statement? Do you understand the key concepts, such as COGS, gross profit, net income, operating expenses, etc. that are used in financial statements? How to create a proforma income statement? A general mechanics. How to forecast a startup's revenue? What are the differences between a "bottom-up" approach and a "top-down" approach? Different revenue models (Week6 lecture) What are the differences between COGS and operating expenses? What items are included in COGS and what are included in operating expenses? Why most startups legitimately need funding at the start? What are different funding sources? How's the risk associated with them? What is bootstrapping? What's the reason for bootstrapping? What are commonly used bootstrapping strategies? What is crowdfunding? What is crowdsourcing? What are the benefits of crowdfunding? What are different models of crowdfunding? What are differences between them